2024 PHP to MUR Historical Review

YEARLY HIGH

0.8398 MUR

YEARLY LOW

0.7613 MUR

YEARLY AVERAGE

0.8064 MUR

2024 PHP to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.8398. Conversely, the yearly low was recorded on March 12, dropping to 0.7613.

This high-to-low spread represents a total annual volatility of 0.0785 MUR. From a start-to-finish perspective, comparing the January average rate of 0.7983 to the December average rate of 0.8018, the exchange rate registered a net change of 0.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8398 was down 2.74% compared to the 2023 peak of 0.8635, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 209,961 MUR

2023 Average 202,781 MUR

Yearly Trough Low 190,332 MUR

Transaction Impact: A difference of 19,629.10 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8239

0.7910

JanuMarcMayJulySeptNove

PHP to MUR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.8074, compared to 0.8055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.8074

H2 Avg (Jul–Dec) 0.8055

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0662 MUR (High: 0.8275 / Low: 0.7613). On the other end, September was the most stable month, with a tight range of 0.0109 MUR (High: 0.8261 / Low: 0.8151).

March Spread (Volatile) ±0.0662

September Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0164 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.8185) against the same month in 2023 (average: 0.8335), the exchange rate shifted by -0.0150 (-1.80%).

2024 Avg (February) 0.8185

2023 Avg (February) 0.8335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8152	0.7867	0.7983
February	0.8398	0.8027	0.8185
March	0.8275	0.7613	0.8211
April	0.8378	0.8016	0.8145
May	0.8103	0.7864	0.7981
June	0.8081	0.7792	0.7937
July	0.8063	0.7938	0.7992
August	0.8259	0.7997	0.8131
September	0.8261	0.8151	0.8208
October	0.8254	0.7882	0.8045
November	0.8040	0.7838	0.7937
December	0.8114	0.7837	0.8018